5 steps for business in Canada

5 most important steps for business owners in Canada

When we start a new business or fully engaged in the growing and expanding the existing one, we as business owners can oversee some of the most important legal and administrative steps, which could prove crucial for our business survival in the future.
In this video I will show the 5 most important steps (legal and administrative) that every business owner must take.
For the decision of which type of business to chose, please see this video: https://www.youtube.com/watch?v=2KsJZaVE4r8&t=1s
What is compliance and why it’s important, see here: https://www.youtube.com/watch?v=xS3LBGtp_Lo
For employment agreement basics, see here: https://www.youtube.com/watch?v=yry6VLVKgSs&t=451s
For operating agreement basics see here: https://www.youtube.com/watch?v=oPk_QJi-Fsc&t=5s

0:58 Step 1 - Registration
1:11 Form of Business – Sole Proprietorship or Corporation
1:15 CRA Registration
1:18 Licenses, Certificates
1:39 Step 2 - Daily Operating Documents
2:09 Contacts, Agreements
2:10 Terms of Use for website
2:25 Step 3 - Build Your Team
2:31 Partners, Employees, Subcontractors
2:43 Have Proper Documents
3:10 Step 4 - Sources of Business Financing
3:24 Grants
3:28 Subsidies and Tax credits
3:32 Government Loans
3:50 Step 5 - Protect Your Business
4:08 Insurance
4:13 Internal Compliance



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All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES – Canadian Business and Enterprise Services does not offer legal advice online or on its YouTube channel. Please consult a professional before you act in reliance on the information contained in our videos.


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